Intellect Design Arena rises on collaborating with Amazon Web Services

Intellect Design Arena is currently trading at Rs. 447.70, up by 6.40 points or 1.45% from its previous closing of Rs. 441.30 on the BSE.

Intellect Design Arena
Intellect Design Arena

The scrip opened at Rs. 442.65 and has touched a high and low of Rs. 447.70 and Rs. 435.00 respectively. So far 22079 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 393.80 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 452.40 and Rs. 415.00 respectively. The current market cap of the company is Rs. 5982.36 crore.

The promoters holding in the company stood at 30.64% while Institutions and Non-Institutions held 26.64% and 42.71% respectively.

Intellect Design Arena (Intellect) has collaborated with Amazon Web Services (AWS), which will accelerate Intellect’s Go-To-Market strategy around co-build, co-market, and co-sell for IntellectAI, the insurance and wealth line of business, with Artificial Intelligence products designed for commercial underwriting, wealth and capital markets.

With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology directly to their customers. This will entail comprehensive and dedicated support from AWS across technology and strategy as well as an increased level of collaboration between the sales teams of both organizations. These joint go-to-market initiatives will help commercial insurers, Managing General Agents (MGAs), and brokers streamline and automate their underwriting.

With IntellectAI’s end-to-end underwriting platform, Intellect Xponent, an AWS Financial Services Competency partner on the AWS Partner Network (APN), this collaboration will enable IntellectAI to now offer the latest access, innovation and collaboration to its customers.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

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